Nokia opens research unit in Africa — Aiming to keep ahead in Africa’s growing telecommunications market, handset maker Nokia has opened a unit to study which services will work best on the continent.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":96333,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"enterprise,","session":"B"}']Calera succeeds in binding CO2 into cement — An initial pilot project by stealth-mode cement maker Calera, which was funded last year by Khosla Ventures, has successfully run a pilot in which it bound about half a ton of CO2 for every ton of cement it made. Usually, cement manufacturing is a huge emitter of CO2. The Scientific American has a profile, with more details. However, the biggest question — whether Calera can make cement cost-effectively — has yet to be answered.
Stealthy cloud security firm Confidela funded — An Israeli firm developing a “new security model in cloud computing, for use in tasks like online document collaboration, has raised a second round of $5 million, according to Globes.
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Matrix Partners scores former PayPal exec — Dana Stalder, a senior vice president of marketing at PayPal, has defected to become a general partner at Matrix Partners.
Legg Mason loses Massachusetts pension fund — Legendary manager Bill Miller, who runs the Legg Mason Value Trust, has been fired by Massachusetts’ state pension fund, which had $1.4 billion in the trust. Miller’s fortunes have sunk somewhat over the past couple years, as once-outstanding investments like Yahoo have fallen.
The one that got away — Riffing off Bessemer Ventures’ well known “anti-portfolio” of successful companies the firm declined to invest in, the Merc has a few more anecdotes of VC missteps.
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